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Fortune
Fortune
Emma Hinchliffe, Nina Ajemian

Women's right to credit cards marks 50-year anniversary

(Credit: Getty Images)

Good morning! Pantyhose brand L’eggs rebrands, the Women's Pro Baseball League will launch in 2026, and a 50-year anniversary offers the chance to reflect ahead of a historic election. Have a great Thursday.

- Credit report. Less than a week before voters head to the polls and have the chance to elect Kamala Harris as the United States' first female president, there's a milestone that shows how radical that achievement would truly be.

This week marks the 50th anniversary of the Equal Credit Opportunity Act, the legislation that for the first time made it illegal for banks to require women to have a male cosigner to receive a credit card, loan, or mortgage. Before this legislation was signed into law five decades ago this week, not only couldn't women access credit—but the credit history went to the male cosigner, meaning that if a woman divorced, she would be starting from scratch with no credit history. This inequality persisted for more than a decade after the Equal Pay Act of 1963.

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